Why is the USD a safe haven currency? The US economy is in much worse shape than that of the CHF, another safe-haven currency. In theory, a safe-haven currency should also be resilient to global economic problems, which the US is not, a result of having major trading partners across a number of continents. However, … Continue reading
Recent concerns about the eurozone have resulted in funds being directed to the Japanese Yen, which is considered to be a safe haven. The reasons why this is so remain unclear – Japan’s economy is not in good shape, and when compared to the CHF, the JPY isn’t doing very well. The popular theory is … Continue reading